I thought mining was the best way to grow bitcoins but I was wrong. I have a few mining contracts which are giving dwindling payouts day by day. It's better to gamble and double or even triple my investments in a few minutes.
yeah after you've tasted mine on various sites you will feel that, mining is not the best way. I also think of it. I am not a great gambler, I find a way other than gambling 
Topic: Methods of growing your Bitcoin? - page 31. (Read 453531 times)
Because of the current low price, perhaps it is not a bad idea to do a good effort in order to get some fiat to exchange by bitcoins. This moment I am taking advantage of my good profitability in forex trading to withdraw my earnings via bitcoin instead of dollars, as I used to do, because my broker has just enabled this option.
I think that it is good to just keep your Bitcoin. The price is going up and you earn money just from that. buying antminer with your bitcoin 
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
Yes indeed, running a miner is more like an expensive hobby nowadays.
And hobbies cost money instead earning from them... at least most of the time.The 3 to 6 months were the minimum someone could say that if he receives the miner on the correct date then he would break even when taking a rising difficulty in account. Later than that and the profits were so small that it touched the "Never break even"-Border.
Really? today miners don't earn money from their activity?
I thought about mining a bit for fun but I still intended to break even xD
Is there a possibility for difficulty to stop increasing so much? It would help miners to break even no?
buying and holding would be methods for growing your bitcoin, buy in cheap price and sell when price up. simple as like that.
Indeed rights it is the one most way that many people do .. but it will take a lot of risk because bitcoin fluctuations is very terrible.
Sometimes it can down until 100 Dollars
Because of the current low price, perhaps it is not a bad idea to do a good effort in order to get some fiat to exchange by bitcoins. This moment I am taking advantage of my good profitability in forex trading to withdraw my earnings via bitcoin instead of dollars, as I used to do, because my broker has just enabled this option.
I thought mining was the best way to grow bitcoins but I was wrong. I have a few mining contracts which are giving dwindling payouts day by day. It's better to gamble and double or even triple my investments in a few minutes.
Yeah if you want to grow your bitcoins in a quick time, then gambling is the best option, as mining and trading are time consuming, and even signature campaigns doesn't pay you high, gambling is the best when it comes to growing your bitcoins.
Its better to hold your coins and wait for the price increase when the price high you can make a decision to sell or exchange it to make a profit with you bitcoins wait again for the cheap price of bitcoin sell them again when the price hits again the high value of the bitcoins. Just repeat it and this the safe method that i know. So gambling is not the best option it will drain your wallet lose all your coins..
I thought mining was the best way to grow bitcoins but I was wrong. I have a few mining contracts which are giving dwindling payouts day by day. It's better to gamble and double or even triple my investments in a few minutes.
Yeah if you want to grow your bitcoins in a quick time, then gambling is the best option, as mining and trading are time consuming, and even signature campaigns doesn't pay you high, gambling is the best when it comes to growing your bitcoins.
Gambling is the worst option.
Either learn how to trade and just be patient and wait for the bitcoin price to rise again.
I thought mining was the best way to grow bitcoins but I was wrong. I have a few mining contracts which are giving dwindling payouts day by day. It's better to gamble and double or even triple my investments in a few minutes.
Yeah if you want to grow your bitcoins in a quick time, then gambling is the best option, as mining and trading are time consuming, and even signature campaigns doesn't pay you high, gambling is the best when it comes to growing your bitcoins.
buying antminer with your bitcoin
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
It is an exaggeration but in the negative sense. If you did not earn the investment back in, let's say a year, then you will never. Since the difficulty is rising, which means it will be harder and harder for your miner to findd a block.
Rewards are like that:
Month - Earning
1 - $1000
2 - $750
3 - $562
4 - $421
5 - $316
6 - $237
7 - $177
And so on.
If you paid $3000 for the miner, thinking that you will earn $1000 each month then you are screwed. On top you have a monthly power cost. That cost is not going down, it stays strong from the start till the end, further diluting your earnings.
50 years is a spoon estimation...
I have bought it for 42€
http://u2cloudmining.winspiral.net
I mine 300 to 600 satoshi per day (15 to 15 hours per day)
I let you calculate how long 100% ROI will last
dude are you sure we just got 300 until 600 satoshi per day?..doesnt it better to do faucet..1 faucet is equal to 500 satoshi..
how many years to get back our money?
I'm even very sure.
but it does not matter...fun is fun and in 50 years my U2 is more worth than the Joconde...(lol)
I admit i lost alot too because of my inexperience. Well, now i only can go after them in the hope to get at least something back, whose chances are pretty slim and i try to prevent scams from happening as being an escrow. Actually that works pretty good since i already stopped a lot of scams by simply existing and by seeing the problems and stopping a trade.
That also happened to me when I first started with Bitcoin. I was always depending on so called cloud mining services but it turned out that most of then turned scam and I have lost a huge amount of Bitcoins. Now I only use my Bitcoins mostly with escrow and try to avoid cloud mining at all costs. Sometimes I wish I could get my BTC back, especially from cloudminr.io but I think that is far to become a reality.
Now I am growing my BTC by signature campaigns, and trading alts.
I thought mining was the best way to grow bitcoins but I was wrong. I have a few mining contracts which are giving dwindling payouts day by day. It's better to gamble and double or even triple my investments in a few minutes.
Thats a shocker for me as well. Puny 300-600 and that thing has a monstrous power consuption.
Turns out mining will be dead soon, at least in countries with high electricity price.
I thought mining was the best way to grow bitcoins but I was wrong. I have a few mining contracts which are giving dwindling payouts day by day. It's better to gamble and double or even triple my investments in a few minutes.
buying antminer with your bitcoin
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
It is an exaggeration but in the negative sense. If you did not earn the investment back in, let's say a year, then you will never. Since the difficulty is rising, which means it will be harder and harder for your miner to findd a block.
Rewards are like that:
Month - Earning
1 - $1000
2 - $750
3 - $562
4 - $421
5 - $316
6 - $237
7 - $177
And so on.
If you paid $3000 for the miner, thinking that you will earn $1000 each month then you are screwed. On top you have a monthly power cost. That cost is not going down, it stays strong from the start till the end, further diluting your earnings.
50 years is a spoon estimation...
I have bought it for 42€
http://u2cloudmining.winspiral.net
I mine 300 to 600 satoshi per day (15 to 15 hours per day)
I let you calculate how long 100% ROI will last
dude are you sure we just got 300 until 600 satoshi per day?..doesnt it better to do faucet..1 faucet is equal to 500 satoshi..
how many years to get back our money?
buying antminer with your bitcoin
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
It is an exaggeration but in the negative sense. If you did not earn the investment back in, let's say a year, then you will never. Since the difficulty is rising, which means it will be harder and harder for your miner to findd a block.
Rewards are like that:
Month - Earning
1 - $1000
2 - $750
3 - $562
4 - $421
5 - $316
6 - $237
7 - $177
And so on.
If you paid $3000 for the miner, thinking that you will earn $1000 each month then you are screwed. On top you have a monthly power cost. That cost is not going down, it stays strong from the start till the end, further diluting your earnings.
50 years is a spoon estimation...
I have bought it for 42€
http://u2cloudmining.winspiral.net
I mine 300 to 600 satoshi per day (15 to 15 hours per day)
I let you calculate how long 100% ROI will last
I don't know your system and if it is really bound to the difficulty. If it would be then earnings should drop constantly, probably in a year you earn practically nothing then anymore.
Mining at home really is dead but miner sellers are living from those that believe the initial earnings in first month will be at that level forever. :/
buying antminer with your bitcoin
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
It is an exaggeration but in the negative sense. If you did not earn the investment back in, let's say a year, then you will never. Since the difficulty is rising, which means it will be harder and harder for your miner to findd a block.
Rewards are like that:
Month - Earning
1 - $1000
2 - $750
3 - $562
4 - $421
5 - $316
6 - $237
7 - $177
And so on.
If you paid $3000 for the miner, thinking that you will earn $1000 each month then you are screwed. On top you have a monthly power cost. That cost is not going down, it stays strong from the start till the end, further diluting your earnings.
50 years is a spoon estimation...
I have bought it for 42€
http://u2cloudmining.winspiral.net
I mine 300 to 600 satoshi per day (15 to 15 hours per day)
I let you calculate how long 100% ROI will last
buying antminer with your bitcoin
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
It is an exaggeration but in the negative sense. If you did not earn the investment back in, let's say a year, then you will never. Since the difficulty is rising, which means it will be harder and harder for your miner to findd a block.
Rewards are like that:
Month - Earning
1 - $1000
2 - $750
3 - $562
4 - $421
5 - $316
6 - $237
7 - $177
And so on.
If you paid $5000 for the miner, thinking that you will earn $1000 each month then you are screwed. On top you have a monthly power cost. That cost is not going down, it stays strong from the start till the end, further diluting your earnings.
Edit: To be more specific... Earnings develop like going to a certain number... lets say $5000 (i didn't calculate) and profit goes near that number... it might get to $4999 but can never reach $5000. Even after 50 years. It's more likely that you had cost of $7000 and you will run in the border at $5000 or so.
buying and holding would be methods for growing your bitcoin, buy in cheap price and sell when price up. simple as like that.
Yeah that is the safe way to grow your bitcoins, but it is bit time consuming, I would rather prefer to go for gambling to multiply my bitcoins in a quick way, as signature campaigns and trading will help you to grow bitcoins but it is time consuming.
buying antminer with your bitcoin
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
then you can growing your bitcoin for long time
or you can trade it with take small profit (10% per month is enough)
Are antminer really profitable? You have the buying price back in after 3 to 6 months?
I doubt that somehow.
Does it work when entering the hashrate, buying price, electricity cost and all in here? https://tradeblock.com/bitcoin/mining/
I never found a working miner. And if there was one then they did not work anyway because after being delivered one month later the possibility to breakeve was already dead.
(lol) 3 to 6 months...
I have a antminer U2 and I'm not sure if I will get buying price back in 50 years...
but I have the fun to run it...
I
Yes indeed, running a miner is more like an expensive hobby nowadays.
And hobbies cost money instead earning from them... at least most of the time.The 3 to 6 months were the minimum someone could say that if he receives the miner on the correct date then he would break even when taking a rising difficulty in account. Later than that and the profits were so small that it touched the "Never break even"-Border.
If you have high capital and do not have any knowledge, it doesn't mean that you can 'produce' Bitcoin. Likely you will lose your capital instead.
Unfortunately very true. There were a lot early adopters 2010, 2011 who became practically rich with bitcoins. Though they had no clue how to handle it and how to avoid scams. At the end most of them lost all or a huge part of their riches. Simply because they did not know how to handle it.
I admit i lost alot too because of my inexperience. Well, now i only can go after them in the hope to get at least something back, whose chances are pretty slim and i try to prevent scams from happening as being an escrow. Actually that works pretty good since i already stopped a lot of scams by simply existing and by seeing the problems and stopping a trade.
the easiest way is always buying bitcoin with cash and storing it for a couple of years. ez money
Yes but other people doesn't have money to buy with. So focus on those method that will give them a nice bitcoin without buying it.
I couldn't agree more with you, i never buy bitcoin with my own money, always looking for bitcoin with free way. So i join a signatures campaign because it will advantage each other.
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